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Automation Risk Analysis

Will “Economic Development Manager” be Automated?

Historical Context: Oxford Study (2013)

Ranked #282 of 702. Estimated risk: 43.0%

Directly assessed by researchers as unlikely to be automatable
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AI Exposure Risk

63%

“Economic Development Manager” will maybe be replaced by AI.

Based on the cognitive demands, communication requirements, and logical reasoning intrinsic to this occupation according to O*NET data, we project a 63% probability of disruption by generative AI and Large Language Models.

Automation & Robot Risk

15%

“Economic Development Manager” will almost certainly not be replaced by robots.

Evaluating the physical dexterity, repetitive motion tasks, and manual labor associated with this role, our analysis indicates a 15% likelihood of substitution by advanced robotics systems.

Personal & Financial Insights

Every occupation has a unique profile. For Economists, the Bureau of Labor Statistics and O*NET classify the day-to-day work broadly as: Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

Avg. Annual Salary $130,910
Avg. Hourly Wage $62.94
Available Jobs (US) 15,880
Job Title & Hierarchy Code (SOC) Economists #19-3011
Wage vs. National Median
ℹ️

Data is based on the reference occupation: “Economists”

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Core Skills & Abilities

  • Develop economic guidelines and standards, and prepare points of view used in forecasting trends and formulating economic policy.

  • Testify at regulatory or legislative hearings concerning the estimated effects of changes in legislation or public policy, and present recommendations based on cost-benefit analyses.

  • Provide litigation support, such as writing reports for expert testimony or testifying as an expert witness.

  • Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.

  • Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.

  • Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.

  • Explain economic impact of policies to the public.

  • Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.

  • Teach theories, principles, and methods of economics.

  • Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.

  • Review documents written by others.

  • Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.

  • Supervise research projects and students' study projects.

  • Conduct research on economic issues, and disseminate research findings through technical reports or scientific articles in journals.

Technologies & Software

  • Microsoft Office software
  • Statistical software
  • Corel QuattroPro
  • Estima Regression Analysis of Time Series RATS
  • DeepSeek
  • UNIX
  • Minitab
  • IBM SPSS Statistics
  • Kimi (Moonshot AI)
  • Microsoft SQL Server
  • Elicit
  • Timberlake Consultants OxMetrics
  • Tableau
  • Palisade @Risk
  • ESRI ArcView
  • Mistral AI (chat/models)
  • Claude (Anthropic)
  • Llama (Meta)
  • Qwen (Alibaba)
  • Microsoft Internet Explorer
  • Mistral (Mistral AI)
  • MySQL
  • The MathWorks MATLAB
  • Teradata Database
  • Formula translation/translator FORTRAN
  • MediaWiki
  • Aptech Systems GAUSS
  • Consensus
  • C++
  • Insightful S-PLUS
  • NotebookLM (Google)
  • Quantitative Micro Software EViews
  • SAS
  • IBM Lotus 1-2-3
  • Perplexity AI
  • Microsoft PowerPoint
  • LaTeX
  • Camfit Data Limited Microfit
  • Microsoft Access
  • Oracle Java
  • Microsoft Visual Basic for Applications VBA
  • Mozilla Firefox
  • StataCorp Stata
  • Global Insight AREMOS
  • Microsoft Outlook
  • TreeAge Software TreeAge Pro
  • Gemini (Google)
  • MacKichan Software Scientific Notebook
  • Microsoft Visual C# .NET
  • Semantic Scholar AI
  • Scite AI
  • Wolfram Research Mathematica
  • Python
  • Grok (xAI)
  • Microsoft Power BI
  • R
  • UNIX Shell
  • Mathsoft Mathcad
  • Microsoft Word
  • Microsoft Visual Basic
  • Web browser software
  • Estimates Delivery System EDS
  • ChatGPT (OpenAI)
  • Econometric Software LIMDEP
  • Structured query language SQL
  • Gemini for Workspace
  • Maplesoft Maple
  • Corel WordPerfect Office Suite
  • Nova (Amazon)
  • Microsoft Excel
  • Maintrame computers
  • Laptop computers
  • Data scanners
  • Desktop computers
  • 10-key calculators
  • Personal computers